Larsen & Toubro Sees Significant Surge in Open Interest Amid Active Derivatives Trading

Larsen & Toubro Ltd. (LT), a prominent player in the capital goods sector, has experienced a significant increase in open interest today. The latest open interest stands at 172,932 contracts, reflecting a rise of 17,300 contracts or 11.12% from the previous open interest of 155,632. This uptick comes alongside a trading volume of 144,557 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Larsen & Toubro has outperformed its sector by 1.51%, marking a reversal after two consecutive days of decline. The stock reached an intraday high of Rs 3,528, representing a gain of 2.42% for the day. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a decrease in delivery volume, which fell by 22.68% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 20.06 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 4,83,841.58 crore, Larsen & Toubro continues to hold a strong position in the capital goods industry. The notable increase in open interest today highlights the ongoing activity surrounding the stock.